Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Charlton County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $83,750 | $238,631 | $242,182 |
| Price Trend (Annual %) | -4.6% | 9.0% | 8.2% |
| Median Gross Rent | $894 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 8.1% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Charlton County is about 65% lower than in Georgia. Rent is about 32% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Charlton County: home prices fell about 4.6% a year while rent rose about 8.1% a year. That is an unusual pattern worth watching.
Median rent in Charlton County rose about 30.3% between 2015 and 2023, from $686 to $894. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Charlton County.
Buying the median-priced home in Charlton County costs roughly 7.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Charlton County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Charlton County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $83,750 | $238,631 | $242,182 |
| Median Household Income | $48,526 | $74,683 | $78,145 |
| Price-to-Income Ratio | 1.7 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Charlton County fell about 30.9%, while median household income rose about 22.3% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Charlton County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.8% | 58.4% | 58.2% |
| Rental Rate | 19.0% | 31.0% | 31.3% |
| Vacancy Rate | 13.2% | 10.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Charlton County has a homeownership rate of 67.8%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 13.2%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Charlton County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.94 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1989 | 1989 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Charlton County was built around 1989. On average, 2.9 people live in a home with about 5.8 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Charlton County, Georgia.
What is the median home price in Charlton County, Georgia?
The median home price in Charlton County, Georgia is $83,750, lower than the Georgia average of $238,631.
What is the average home price in Charlton County, Georgia?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Charlton County, Georgia?
The median gross rent in Charlton County, Georgia is $894 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Charlton County in 2020?
In 2020, the median gross rent in Charlton County, Georgia was $532 per month.
What is the price-to-rent ratio in Charlton County, Georgia?
The price-to-rent ratio in Charlton County, Georgia is about 7.8, meaning it would take roughly 7.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Charlton County.
Are home prices or rent rising faster in Charlton County, Georgia?
Home prices and rent are moving in opposite directions in Charlton County: home prices fell about 4.6% a year while rent rose about 8.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Charlton County, Georgia?
67.8% of households in Charlton County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Charlton County, Georgia?
The housing vacancy rate in Charlton County, Georgia is 13.2%, higher than the Georgia average of 10.6%.